Boeing Shares Drop Pressures Dow

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map after Boeing shares drop pressures Dow. Stocks in heat map are based on the top 10 holdings of each sector ETF. Click on each picture to zoom in. Below is a summary of today’s action on Wall Street provided by CNBC:

U.S. stock index futures traded slightly higher on Tuesday morning, with Wall Street set to extend the strong gains seen in the previous session. At 3:00 a.m. ET, Dow futures were up more than 50 points, pointing to a higher open of 71 points. Futures for the S&P 500 and Nasdaq were higher too.

The Dow Jones index subtracted 96 points (-0.38%) to close at 25,554. The Nasdaq added +32 points (+0.44%) to settle at 7,591.

Boeing Shares Drop Pressures Dow

The Dow Jones index was pressured lower on Tuesday by a further drop in Boeing (BA) shares. The other 2 major averages found minor gains of less than less than 1%. Boeing shares fell more than 6 percent, eclipsing the 5.3 percent decline from Monday’s session and notching their biggest two-day loss since June 2009. Boeing fell after several countries, including China, the European Union and Indonesia, grounded all flights involving the 737 MAX model. Technology (XLK) is now the best performing sector of 2019 as its +15.3% YTD.

Key Takeaway…

The following CNBC video clip has the latest Boeing information regarding the suspension of its 737 Max 8:

About the authorTim Link

My goal is to provide a blog that consolidates stock market information for the average investor from at least five credible sources including stock reviews, analysis, financial news and market trends by sector.